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1112 Magical Way

1112 Magical Way, Buford, GA 30518
Property in Gwinnett
Sold May 08, 2017
$80,000
Buyer
Seller
$57,600 by Broker Solutions
Mortgage Due Jun 01, 2047
Sold Jul 08, 2005
$85,800
$68,571 by First Horizon Hm Ln Corp
Mortgage Due Jun 30, 2035
Local assessors in Buford, GA have categorized 1112 Magical Way as a residential type of property. The home was built in 1985 and is 39 years old. The property's lot size has been calculated to be 436 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1112 Magical Way has a total of 1,024 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. The property was last sold in May 8, 2017 for $80,000. That's $78.13 per sqft. Prior to that sales transaction, the property was also sold in Jun 30, 2005 for $85,800. 1112 Magical Way was last assessed in 2023. The total value of the property was assessed at $68,040. Specifically, the land the property is located on was valued at $8,800. While improvements on the property were assessed at a total of $59,240. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,381. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 436
  • Total Building Area: 1,024
  • Building Area: 1,024
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,024
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORTH GWINNETT TWN
  • Land Acres: 0.01
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: UNIT5 BLG F NORTH GWINNETT TWN

Ownership

  • Current Owner : VISAN FLORIN
  • Previous Owner : DUBIN YAKOV
  • Owner Before Previous Owner: ANDERSON JIMMIE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gwinnett County School District
  • Census Tract: 050118

Zoning

  • Zoning: RM-MULTI-F

Geography

  • District: 11
  • Parcel: 7-291 -284
  • Municipality: SUGAR HILL
  • Latitude: 34.1062
  • Longitude: -84.0378

    Address

  • Full Address: 1112 Magical Way
  • Legal Unit: 5
  • Address - House Number: 1112
  • Address - Street Name: Magical
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Sugar Hill
  • Carrier Code: C002
  • 4-Digit Zip Code: 6722
  • Zip Code: 30518

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,381

    Appraisal Valuation

  • Standard Deviation: 0.1546
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 81
  • Final Value: 212,256
  • High Value: 245,077
  • Low Value: 179,435

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $57,600
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS
  • First Open Lien Mortgage Recording Date: May 08, 2017
  • First Open Lien Mortgage Loan Amount: $57,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2047

    Market Valuation

  • Market Total Value: $170,100
  • Market Land Value: $22,000
  • Market Improvement Value: $148,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,040
  • Assessed Land Value: $8,800
  • Assessed Improvements Value: $59,240

    Sales

  • Current Sale Contract Date: May 08, 2017
  • Current Sale Recording Date: May 08, 2017
  • Current Sale Transaction ID: 1587940000
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017-011455
  • Previous Sale Recording Date: Jul 08, 2005
  • Previous Sale Contract Date: Jun 30, 2005
  • Previous Sale Amount: $85,800
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS
  • First Mortgage Transaction Date: May 12, 2017
  • First Mortgage Loan Amount: $57,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HORIZON HM LN CORP
  • Previous Mortgage Transaction Date: Jul 08, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $68,571
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 30, 2035

About Sugar Hill



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Frequently Asked Questions

What neighborhood is 1112 Magical Way located in?
The 1112 Magical Way is a located in the neighborhood of Gwinnett in Sugar Hill, Buford.
What is the average sales price for listings in 1112 Magical Way?
The average sales price for units in 1112 Magical Way is $0 currently.

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